The International Energy Agency on Oct. 24 lowered its 2050 oil demand projection by 2.4 million b/d to 54.8 million b/d along with a 0.5 million b/d reduction for 2030 under its central scenario in the World Energy Outlook. The annual outlook cited a faster pace of adoption of electric …

The substance that constitutes a pencil lead and an important component of electric vehicle batteries is suddenly less available. China, the world’s top producer of graphite, will now require permits for shipments abroad. The country is the world’s top producer and plays a special role by refining 90 percent of …

Oil prices rose on Tuesday, recovering some of the previous day’s losses, as investors remained nervous that the Israel-Hamas war could escalate into a wider conflict in the oil-exporting region, causing potential supply disruptions. Brent crude futures climbed 57 cents, or 0.6 per cent, to $90.40 a barrel by 0321 …

US technology and e-commerce group Amazon.com Inc has further expanded its portfolio of renewable energy projects backing its European operations, adding more than 1 GW of clean energy capacity as it works to achieve its overall renewables goal. The tech giant, which is the world’s largest corporate purchaser of renewable …

Iran’s largest hydroelectric power plant, Karun-3 Dam, has reported a 60% increase in power production in the current water year, which began on September 23, compared to the same period last year. Seyyed Hamid Salehi, the CEO of the production and operation management company of Karun-3 Dam, announced the boost …

Eni SpA signed a 27-year liquefied natural gas deal with QatarEnergy, marking the Gulf nation’s third major contract with a European firm this month. Starting in 2026, a joint venture between the Middle Eastern company and Eni will deliver as much as 1.5 billion cubic meters of LNG per year …

Russia’s Gazprom will supply more gas to Hungary and China during the winter, CEO Alexei Miller told Russian media, as cited by Reuters. The update comes on the heels of another report that said Gazprom was working on expanding its gas export infrastructure to China. The Hungary and China updates …

Chinese offshore operator China National Offshore Oil Corp (CNOOC) announced on Monday the discovery of its first deep coalbed methane (CBM) field with proved geological reserves exceeding 110 billion cubic meters in northwest China’s Shaanxi Province, China Media Group (CMG) reported. The discovery of the Shenfu deep CBM field, located …

Over the last year, the U.S. has been ramping up its natural gas production, with plans to develop several more LNG facilities in the south of the country. But it seems like it’s not the only country to have major gas ambitions, as Canada continues to work on a massive …

India, the world’s third largest oil importer and consumer, has emerged as the top buyer of the discounted Russian seaborne oil after Western nations stopped buying from Moscow following its invasion of Ukraine. Middle Eastern supplies are also likely to tighten further following Saudi Arabia’s decision to extend its voluntary …